Wolford, MN—56441
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wolford, MN
As of Oct '25, the median home price in Wolford, MN is $235,000, with a year-over-year change of -1.5%. This indicates that home prices in Wolford, MN are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $235,000 | -1.5% |
| Single Family | $235,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | 0.0% |
3 Bed | $250,000 | 0.0% |
4 Bed | $333,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wolford, MN
As of July '25, Rentcast reports the average rent in Wolford, MN is $1,300, with a year-over-year rent change of 23.8%. Per bedroom, the median rent as of July '25 in Wolford, MN is 1-bedrooms: $1,050, 4-bedrooms: $1,550. The most common rental property sizes in Wolford, MN are 1-bedroom and 2-bedroom, accounting for 42.5% and 41.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,550 | $1,550 |
% of Rental Stock
Property Listings — Wolford, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wolford, MN is 42. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $482,000 | 98.0% |
Listing Count | 24 | 49.0% |
| Listings as % of Homes | 0.5% | 49.0% |
Days on Market | 42 | -11.0% |
Demographics — Wolford, MN
As of the latest ACS Survey released in 2023, Wolford, MN has a population of 3,330, which has decreased by -13.5% over the past 5 years. Wolford, MN is a moderately popular place for families, as children make up 15.7% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,330 | -13.5% |
% Under 18 | 15.7% | -22.7% |
% Seniors | 32.1% | 28.9% |
% WFH | 5.0% | 92.3% |
% w/ College Degree | 18.5% | 17.8% |
As of the latest ACS Survey released in 2023, Wolford, MN is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Wolford, MN is black, making up 0.5% of the population. Foreign-born residents account for 0.8% of the population in Wolford, MN, and this percentage has decreased by 60.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.9% | 1.5% |
% Black | 0.5% | 150.0% |
% Hispanic | 0.4% | -90.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.8% | -60.0% |
Mortgage and Risk — Wolford, MN
According to HUD data as of 2023, there were 112 mortgage originations in Wolford, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Wolford, MN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Wolford, MN
Wolford, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 137 |
Total Units Section 8 | 78 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,050 | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | -$130 | $1,550 | $1,420 |
Affordability — Wolford, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $235,000 |
| Median Household Income | $50,700 |